Studies on Russian Economic Development

, Volume 17, Issue 2, pp 187–192 | Cite as

Firms’ activity risk under a knowledge economy

  • Elzbeta Monchinska
Institutional Change


Processes of growing uncertainty and risks in economics are analyzed against a broad background of the “civilizational shift” and globalization. The rapid ageing of equipment, technologies and knowledge leads to numeric growth of bankruptcies and the intensification of their destructive effects. Their mitigation would be possible if an institutional system of threat monitoring and prevention were created.

The case is presented for revision of existing bankruptcy laws towards the readjustment of enterprises, not just their debt repayment to creditors.

The author comes to the conclusion about an increase of the state’s role in shaping the educational environment of enterprises and the need to synchronize micro-and macroeconomic policies.


International Economic Knowledge Economy Destructive Effect Activity Risk Educational Environment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Pleiades Publishing, Inc. 2006

Authors and Affiliations

  • Elzbeta Monchinska

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